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Dieser Beitrag gibt einen Überblick über Ansatzpunkte und Möglichkeiten zur Integration von Lernprozessen in volkswirtschaftliche Fragestellungen. Es werden alternative Methoden vorgestellt, individuelle aber auch gesellschaftliche Lernenvorgänge in ökonomischen Modellen zu erfassen.
Persistent link: https://www.econbiz.de/10005606985
interaction, collective learning and multiple equilibria possibility. This paper therefore argues for the adoption of alternative …
Persistent link: https://www.econbiz.de/10009644908
We examine learning, model misspecification, and robust policy responses to misspecification in a quasi …
Persistent link: https://www.econbiz.de/10005085540
This paper examines the learning dynamics of boundedly rational agents, who are asked to contribute to a discrete … confirmed by simulations, where the learning process is modeled by an Evolutionary Algorithm. We show that the contribution game …
Persistent link: https://www.econbiz.de/10005022103
network strategy and belief. The learning is modelled as an evolving network process i.e. a local network of agents, with non …
Persistent link: https://www.econbiz.de/10005345265
In the late 1960s and into the 1970s, the United States experienced a burst of inflation the origins of which seemed hard to uncover. This paper advances the idea that the Fed simply got the model wrong. We assume that the true model of the economy is a variant of the standard New Keynesian...
Persistent link: https://www.econbiz.de/10005345293
Persistent link: https://www.econbiz.de/10005345427
. Learning, mutation, and long run equilibria in games. Econometrica 61, 29–56], where agents follow best-response decision rules …
Persistent link: https://www.econbiz.de/10008725917
A population of buyers and a population of sellers meet repeatedly in order to exchange a good. The price is fixed through a variant of the Nash demand game. This paper analyzes the prices that are robust to experimentation in the sense of stochastic stability. Under some conditions only one...
Persistent link: https://www.econbiz.de/10004964046
establishing certain features of monetary policy rules that facilitate learning, a comprehensive treatment of policy design for … learnability has yet to surface, especially for cases in which agents have potentially misspecified their learning models. This … learning true reduced forms of the economy is subject to potentially destabilizing errors. We then ask: can a central bank set …
Persistent link: https://www.econbiz.de/10005706334